OMNOVA Solutions (OMN) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS
OMNOVA Solutions (NYSE:OMN) announced its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.10, Analyst Ratings News reports. The company had revenue of $266.40 million for the quarter, compared to the consensus estimate of $282.90 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis.
Shares of OMNOVA Solutions (NYSE:OMN) opened at 9.80 on Wednesday. OMNOVA Solutions has a 52 week low of $7.41 and a 52 week high of $11.03. The stock’s 50-day moving average is $9.37 and its 200-day moving average is $9.38. The company has a market cap of $464.1 million and a price-to-earnings ratio of 21.46.
OMNOVA Solutions Inc (NYSE:OMN) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a variety of commercial, industrial and residential end uses.
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